As the 2023 tax season approaches, it is very important to take the opportunity to complete a comprehensive review of the Tax Preparation Best Practices Handbook. Thoroughly reviewing and understanding all of the components of the process is one of the most important first steps to follow to ensure a smooth client experience. A few of the important details within the Handbook that warrant highlighting include the following:
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Know How to Navigate the Tax Prep Pipeline: Be able to clearly chart the progress of a Tax Preparation Request and stay on top of each return.
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Learn and Implement the Five Steps for Submitting Tax Prep Requests: Use the Five Steps for submitting Tax Prep Requests to ensure packages are fully complete prior to submission. This makes certain that the return is completed accurately, in a timely manner, and avoids unnecessary delays for the client.
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Understand How to Review and Deliver a Tax Return: By understanding how to Review and Deliver a Tax Return, you will provide the taxpayers with a full picture of their unique tax situation and ensure it accurately reflects their specific scenario.
It is important to note the Tax Preparation Pipeline will be available on March 18th, 2024 and stay accessible through to May 31st, 2024. With that, please take the time to thoroughly review the important General Items and Outlined Timelines in the Tax Preparation Best Practices Handbook. Please also take the opportunity to thoroughly review all of the applicable Tax Preparation Prep Forms to further understand what pertinent information to collect, and exactly where to include that information, for each client’s specific situation
